Wednesday, December 21, 2016

Detour Gold Corp. - DGC.t

Detour Gold Corp. - DGC.t is advancing the flagship Detour Lake deposit.

With more than 15.6 million ounces in reserves, Detour Lake is on track to become Canada’s largest operating gold mine.

On November 1, 2016 the company released Numbers

"2017 Preliminary OutlookPreliminary gold production for 2017 is estimated to be between 540,000 and 590,000 ounces, reflecting a reduction of 40,000 ounces from the current life of mine ("LOM") and assuming approximately 10,000 ounces (using the mid-point of the guidance) for downside risk. Approximately 30,000 ounces of the reduction from LOM plan is attributable to face position (mainly due to slower development progress around the Campbell pit in 2016) and 10,000 ounces due to a slightly lower assumption for recovery and slightly higher assumption for dilution.
The preliminary 2017 mine plan is dependent on the year-end face position in the Campbell pit area. The mining rate in this area has increased quarter over quarter in 2016 and is expected to further increase with the recovery plan implemented in September 2016.
At this point, this preliminary outlook does not include the processing of the low and/or medium grade fines pending the results of the large scale test currently underway.
2017 Preliminary Guidance LOM Plan for 2017
Gold production (oz)540,000-590,000 614,000
Total mined (Mt)92-102101
Ore milled (Mt)21-2221.6
Average grade (g/t)0.88-0.920.97
Dilution (%)5-75
Recovery (%)90-9191.5

All-in sustaining costs are estimated to range from US$1,050 to US$1,150 per ounce sold, using a US dollar to Canadian dollar exchange rate of 1.30.